The Mayor of Panama City spoke this week when he indicated in the construction of the city’s bitcoin funds. All this started with a single line on social media.
Mayor Mizrachi wrote “Bitcoin Reserve” on X on 16 May. He met only with Max Cires and Stacey Herbert, who had two big names behind the bitcoin trick of Al Salvador.
Meeting sparks curious thing
According to local sources, Mizrachi sat down with Keyser and Herbert to go to the Nut and Bolt of the Bitcoin policy. The mayor was harassed about the details.
But the time was notable. He shared the post just before he attended the Bitcoin 2025 conference in Las Vegas. It seemed like a head that something else could come.
Bitcoin Reserve 🚀
– Mayor Mizrachi (@Mayer) May 16, 2025
Further legal obstacles
Depending on the reports, Panama’s National Assembly will need a vote to create a formal bitcoin reserve. MPs must first write and approve a bill. She can draw the process.
The committees should study the idea. There will be debate, amendment and budget checks. Only then could the city catch any part of bitcoin on its books.
Panama City introduced Al Salvador’s “What is Money” Financial Literacy Schoolbook in its new digital library.
A regional middle American bitcoin block is emerging!
– Stacey Herbert 🇸🇻🚀 (@Sstacyherbert) May 15, 2025
Energy schemes discussed
Energy was also on the table. Kejer told Panama’s hydroelectric capacity and geothetic plants of Al Salvador. He suggested that green energy can give strength to bitcoin mining rigs.
This is a clean idea: use cheap, clean power to run computers ticking bitcoin networks. But permits and grid upgrade will be required. Companies and regulators have to sign.
Crypto payment on the horizon
Mizrachi has already stated that Panama City will accept Bitcoin, Ether, Tether and USDC after the payment system is ready. This means the construction of Fiat rail from Crypto ‘. Banks or Fintech partners must handle the exchange.
And a safe wallet will be required to store any coin in the city. No launch date has been set. But the plan is on the agenda.
Source: Strategy
Wholesale holdings of companies
These are not just governments that monitor bitcoins. Public firms are also piled up. Michael Sayler’s strategy Corp said it would raise $ 84 billion to buy more bitcoins. Which includes selling another $ 21 billion in stock.
They have also increased their debt limit from $ 21 billion to $ 42 billion, with $ 14.6 billion. On the other side of the globe, Metaplanet added 1,240 BTC – about 18.50 billion yen, or about $ 127 million. It brings its total 6,797 BTC, now more than only $ 706 million.
Based on the reports, publicly listed firms increased their bitcoin station by 15% in Q1. This indicates that many bitcoins see as a core holding – not only a side condition.
Specially displayed image from UNSPLASH, chart from tradingview
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